Alibaba Group (NYSE:BABA) Stock Price Down 1.3% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABAGet Free Report)’s stock price traded down 1.3% during mid-day trading on Wednesday . The company traded as low as $126.25 and last traded at $127.7360. 8,193,474 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 11,860,109 shares. The stock had previously closed at $129.47.

Trending Headlines about Alibaba Group

Here are the key news stories impacting Alibaba Group this week:

Analyst Ratings Changes

BABA has been the subject of a number of research analyst reports. Weiss Ratings lowered Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. BNP Paribas Exane initiated coverage on Alibaba Group in a research report on Wednesday, April 29th. They issued an “outperform” rating and a $209.00 target price for the company. Morgan Stanley boosted their target price on Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen raised Alibaba Group from a “sell” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $188.76.

Check Out Our Latest Research Report on BABA

Alibaba Group Price Performance

The business has a 50 day moving average price of $131.40 and a two-hundred day moving average price of $147.24. The stock has a market cap of $306.45 billion, a PE ratio of 20.97, a P/E/G ratio of 2.26 and a beta of 0.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28.

Alibaba Group (NYSE:BABAGet Free Report) last announced its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The firm had revenue of $35.30 billion for the quarter. Research analysts expect that Alibaba Group Holding Limited will post 6.67 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be paid a $1.05 dividend. This represents a dividend yield of 72.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s payout ratio is presently 16.91%.

Hedge Funds Weigh In On Alibaba Group

Several institutional investors have recently bought and sold shares of the company. Bluesphere Advisors LLC lifted its stake in Alibaba Group by 2.2% in the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock valued at $540,000 after purchasing an additional 64 shares during the last quarter. Transcend Capital Advisors LLC lifted its stake in Alibaba Group by 1.0% in the third quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock valued at $1,191,000 after purchasing an additional 66 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Alibaba Group by 0.4% in the fourth quarter. Bleakley Financial Group LLC now owns 16,420 shares of the specialty retailer’s stock valued at $2,407,000 after purchasing an additional 67 shares during the last quarter. Ameriflex Group Inc. lifted its stake in Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 72 shares during the last quarter. Finally, Highline Wealth Partners LLC lifted its stake in Alibaba Group by 20.7% in the fourth quarter. Highline Wealth Partners LLC now owns 426 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

About Alibaba Group

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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